Safe Pro Group announced that its board of directors has authorized a share repurchase program of up to $3.0 million of the company’s outstanding common stock over the next year. The company cited confidence in its strategy, AI-enabled defense and security technology platform, and long-term growth opportunities as reasons for the authorization. Repurchases may be made from time to time based on market conditions and other considerations through open-market or privately negotiated transactions and other permitted methods.
The program will be funded by existing cash, cash equivalents, or future cash flows, while maintaining financial flexibility to support organic growth and strategic initiatives. Safe Pro Group is a mission-driven technology company delivering AI-enabled security and defense solutions. Through cutting-edge platforms like SPOTD, Safe Pro provides advanced situational awareness tools for defense, humanitarian, and homeland security applications globally.
It is a leading provider of artificial intelligence solutions specializing in drone imagery processing leveraging commercially available drones with its proprietary machine learning and computer vision technology. This enables rapid identification of explosives threats, providing a safer and more efficient alternative to traditional human-based analysis methods. Built on a cloud-based ecosystem and powered by Amazon Web Services, Safe Pro Group’s scalable platform targets multiple markets including commercial, government, law enforcement and humanitarian sectors.
The company’s Safe Pro AI software, Safe-Pro USA protective gear and Airborne Response drone-based services work in synergy to deliver safety and operational efficiency. The latest news and updates relating to Safe Pro Group are available in the company’s newsroom at http://ibn.fm/SPAI. DefenseWireNews, which published the announcement, is a specialized communications platform with a focus on defense contractors, aerospace firms, cybersecurity leaders, and other mission-critical companies. It is one of 75+ brands within the Dynamic Brand Portfolio that delivers access to wire solutions, article syndication, press release enhancement, and social media distribution. For more information, please visit https://www.DefenseWireNews.com.
